European stocks edge up in holiday-thinned market

MADRID (MarketWatch) -- European stocks were marginally higher in early trading, but volumes were low with U.K. as well as U.S. markets both closed for holidays. Autos were in focus after German Economic Minister Karl Theodor zu Guttenberg over the weekend said a trio of bids for General Motor Corp's
GM, -1.30%
Opel unit remained unfeasible. Fiat
it:ffiaty
is among the bidders. Those shares were down 0.7%, while shares of Peugeot
UG, -0.47%
were up 3.4%. Financials were higher, with Germany's Commerzbank
CBK, +0.75%
lending support to the market, up 1.7% and Allied Irish Banks
uk:albk
up 3%. The French CAC-40 index rose 0.1% to 3,228.51 and the German DAX 30 index traded up 0.6% at 4,917.73.

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